Illinois Senate Bill 2202

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 10 2023 - 25% progression
Action: 2023-03-10 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on December 23, 1986 by the City of Sparta to create TIF #1. Provides that the redevelopment project areas extended to the 35th and 47th years under the provisions of the Act are continuous and unexpired from the date of the ordinance initially adopting the redevelopment project area through the estimated dates of completion listed in the provisions. Effective immediately.

TIF-CITY OF SPARTA

Sen. Terri Bryant [R]

Date	Chamber	Action
2023-03-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-02-28	Senate	Assigned to Revenue
2023-02-10	Senate	Referred to Assignments
2023-02-10	Senate	First Reading
2023-02-10	Senate	Filed with Secretary by Sen. Terri Bryant

Chapter	Article	Section	Citation Type	Statute Text
65	5	11-74.4-3.5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2202&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB2202.htm